Problem is in fact that F1 was actually doing fine before FIA came to an idea to cut costs, ban a lot of technology etc. Before FIA started messing there was between 30 and 39 cars on each race weekend, we had many different concepts, many small teams, different designs and a lot of overtaking.
Since FIA started to “save” the F1 from disaster it turned out to be saving F1 from itself. Small teams have died because of incompetence of the “Dr. Mossley”, any passenger car nowadays has more advanced technology than F1 car and the overtaking has disappeared.
Operation successful - patient dead!
That is why today reverting seams logical and I support it when it considers allowing banned technology. Unfortunately it can’t resurrect teams that made history of F1 – Lotus, Ligier, Tyrell…